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Business Segments (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Premium Income by Distribution Channel
Premium Income by Distribution Channel
For the Year 2021
 LifeHealthAnnuityTotal
Distribution ChannelAmount% of
Total
Amount% of
Total
Amount% of
Total
Amount% of
Total
American Income$1,402,878 48 $114,950 $— — $1,517,828 37 
Direct to Consumer971,461 34 73,946 — — 1,045,407 25 
Liberty National311,081 11 187,327 16 — — 498,408 12 
United American8,822 — 481,614 40 100 490,437 12 
Family Heritage4,957 — 343,839 29 — — 348,796 
Other199,011 — — — — 199,011 
$2,898,210 100 $1,201,676 100 $100 $4,099,887 100 
 For the Year 2020
 LifeHealthAnnuityTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$1,257,726 47 $105,734 $— — $1,363,460 36 
Direct to Consumer906,959 34 76,527 — — 983,486 26 
Liberty National293,897 11 188,835 16 — — 482,732 13 
United American9,688 — 452,980 40 100 462,672 12 
Family Heritage4,253 — 317,021 28 — — 321,274 
Other200,281 — — — — 200,281 
$2,672,804 100 $1,141,097 100 $100 $3,813,905 100 
 For the Year 2019
 LifeHealthAnnuityTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
Amount% of
Total
American Income$1,160,495 46 $99,447 $— — $1,259,942 35 
Direct to Consumer855,543 34 77,557 — — 933,100 26 
Liberty National285,551 11 189,578 18 — — 475,129 13 
United American10,571 416,582 39 100 427,157 12 
Family Heritage3,830 — 294,182 27 — — 298,012 
Other201,794 — — — — 201,794 
$2,517,784 100 $1,077,346 100 $100 $3,595,134 100 
Reconciliation of Segment Operating Information to Consolidated Statement of Operations
The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note—1 Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income.
Year Ended December 31, 2021
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$2,898,210 $1,201,676 $$— $— $— $4,099,887 
Net investment income— — — 952,447 — — 952,447 
Other income— — — — 1,216 — 1,216 
Total revenue2,898,210 1,201,676 952,447 1,216 — 5,053,550 
Expenses:
Policy obligations2,070,485 758,745 29,061 — — 1,325 (2)2,859,616 
Required interest on reserves(735,282)(102,574)(39,966)877,822 — — — 
Required interest on DAC218,575 28,556 258 (247,389)— — — 
Amortization of acquisition costs486,724 115,194 1,920 — — — 603,838 
Commissions, premium taxes, and non-deferred acquisition costs234,033 97,453 24 — — — 331,510 
Insurance administrative expense(1)
— — — — 271,631 10,398 (3,4)282,029 
Parent expense— — — — 9,553 175 (4)9,728 
Stock-based compensation expense— — — — 30,272 — 30,272 
Interest expense— — — 83,486 — — 83,486 
Total expenses2,274,535 897,374 (8,703)713,919 311,456 11,898 4,200,479 
Subtotal623,675 304,302 8,704 238,528 (310,240)(11,898)853,071 
Non-operating items— — — — — 11,898 (2,3,4)11,898 
Measure of segment profitability (pretax)
$623,675 $304,302 $8,704 $238,528 $(310,240)$— 864,969 
Realized gain (loss)—investments68,633 
Realized loss—redemption of debt(5)
(9,314)
Administrative settlements(1,325)
Legal proceedings(8,139)
Non-operating expenses(2,434)
Income before income taxes per Consolidated Statements of Operations
$912,390 
(1)Administrative expense is not allocated to insurance segments.
(2)Administrative settlements.
(3)Legal proceedings.
(4)Non-operating expenses.
(5)In July, 2021, the Company redeemed the $300 million 6.125% junior subordinated notes due in 2056, and realized a loss of $9.3 million. Refer to Note 11—Debt for further discussion.
Year Ended December 31, 2020
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$2,672,804 $1,141,097 $$— $— $— $3,813,905 
Net investment income— — — 927,062 — — 927,062 
Other income— — — — 1,325 — 1,325 
Total revenue2,672,804 1,141,097 927,062 1,325 — 4,742,292 
Expenses:
Policy obligations1,809,373 733,481 30,030 — — — 2,572,884 
Required interest on reserves(698,112)(93,475)(41,413)833,000 — — — 
Required interest on DAC210,152 26,586 328 (237,066)— — — 
Amortization of acquisition costs463,586 110,177 2,007 — — — 575,770 
Commissions, premium taxes, and non-deferred acquisition costs212,859 91,959 23 — — — 304,841 
Insurance administrative expense(1)
— — — — 250,947 3,985 (2,3)254,932 
Parent expense— — — — 9,891 323 (3)10,214 
Stock-based compensation expense— — — — 35,892 — 35,892 
Interest expense— — — 86,704 — — 86,704 
Total expenses1,997,858 868,728 (9,025)682,638 296,730 4,308 3,841,237 
Subtotal674,946 272,369 9,029 244,424 (295,405)(4,308)901,055 
Non-operating items— — — — — 4,308 (2,3)4,308 
Measure of segment profitability (pretax)
$674,946 $272,369 $9,029 $244,424 $(295,405)$— 905,363 
Realized gain (loss)—investments(3,737)
Realized loss—redemption of debt(634)
Legal proceedings(3,275)
Non-operating expenses(1,033)
Income before income taxes per Consolidated Statements of Operations
$896,684 
(1)Administrative expense is not allocated to insurance segments.
(2)Legal proceedings.
(3)Non-operating expenses.
Year Ended December 31, 2019
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$2,517,784 $1,077,346 $$— $— $— $3,595,134 
Net investment income— — — 910,459 — — 910,459 
Other income— — — — 1,318 — 1,318 
Total revenue2,517,784 1,077,346 910,459 1,318 — 4,506,911 
Expenses:
Policy obligations1,638,053 687,764 31,532 — — — 2,357,349 
Required interest on reserves(666,168)(87,289)(43,522)796,979 — — — 
Required interest on DAC202,502 25,435 494 (228,431)— — — 
Amortization of acquisition costs436,881 112,825 2,020 — — — 551,726 
Commissions, premium taxes, and non-deferred acquisition costs203,052 94,973 22 — — — 298,047 
Insurance administrative expense(1)
— — — — 240,321 8,758 (2,3)249,079 
Parent expense— — — — 10,260 643 (4)10,903 
Stock-based compensation expense— — — — 44,843 — 44,843 
Interest expense— — — 84,306 — — 84,306 
Total expenses1,814,320 833,708 (9,454)652,854 295,424 9,401 3,596,253 
Subtotal703,464 243,638 9,458 257,605 (294,106)(9,401)910,658 
Non-operating items— — — — — 9,401 (2,3,4)9,401 
Measure of segment profitability (pretax)
$703,464 $243,638 $9,458 $257,605 $(294,106)$— 920,059 
Realized gain (loss)—investments20,621 
Administrative settlements(400)
Legal Proceedings(8,358)
Non-operating expenses(643)
Income before income taxes per Consolidated Statements of Operations
$931,279 
(1)Administrative expense is not allocated to insurance segments.
(2)Administrative settlements.
(3)Legal proceedings.
(4)Non-operating expenses.
Assets by Segment The tables below reconcile segment assets to total assets as reported in the consolidated financial statements.
 
Assets by Segment

 At December 31, 2021
 LifeHealthAnnuityInvestmentCorporate & OtherConsolidated
Cash and invested assets$— $— $— $22,850,154 $— $22,850,154 
Accrued investment income— — — 251,307 — 251,307 
Deferred acquisition costs4,236,401 675,871 2,456 — — 4,914,728 
Goodwill309,609 172,182  — — 481,791 
Other assets— — — — 1,270,068 1,270,068 
Total assets
$4,546,010 $848,053 $2,456 $23,101,461 $1,270,068 $29,768,048 


 At December 31, 2020
 LifeHealthAnnuityInvestmentCorporate & OtherConsolidated
Cash and invested assets$— $— $— $22,547,498 $— $22,547,498 
Accrued investment income— — — 248,991 — 248,991 
Deferred acquisition costs3,982,158 610,071 3,215 — — 4,595,444 
Goodwill309,609 131,982 — — — 441,591 
Other assets— — — — 1,213,207 1,213,207 
Total assets
$4,291,767 $742,053 $3,215 $22,796,489 $1,213,207 $29,046,731 
Liabilities by Segment The tables below reconcile segment liabilities to total liabilities as reported in the consolidated financial statements.
Liabilities by Segment
 At December 31, 2021
 LifeHealthAnnuityInvestmentCorporate & OtherConsolidated
Future policy benefits$12,686,851 $2,315,507 $1,032,369 $— $— $16,034,727 
Unearned and advance premiums19,874 45,598 — — — 65,472 
Policy claims and other benefits payable245,108 167,832 — — — 412,940 
Debt— — — 2,026,138 — 2,026,138 
Other— — — — 2,585,965 2,585,965 
Total liabilities
$12,951,833 $2,528,937 $1,032,369 $2,026,138 $2,585,965 $21,125,242 


At December 31, 2020
LifeHealthAnnuityInvestmentCorporate & OtherConsolidated
Future policy benefits$12,008,396 $2,172,141 $1,062,999 $— $— $15,243,536 
Unearned and advance premiums18,968 42,760 — — — 61,728 
Policy claims and other benefits payable237,246 162,261 — — — 399,507 
Debt— — — 1,922,804 — 1,922,804 
Other— — — — 2,648,064 2,648,064 
Total liabilities
$12,264,610 $2,377,162 $1,062,999 $1,922,804 $2,648,064 $20,275,639